Friday, May 29, 2026
North American oil producers slash output faster than OPEC skeptics expected-oil and gas 360

North American oil producers slash output faster than OPEC skeptics expected

Reuters NEW YORK – North American oil companies have slashed production faster than skeptical OPEC officials and industry analysts expected, on course to cut roughly 1.7 million barrels per day by the end of June, according to a Reuters analysis of U.S. state and company data. The Organization of the Petroleum Exporting Countries and allies led by Russia struck a

Markets are getting too excited about the oil price rally too soon, analysts warn- oil and gas 360

Markets are getting too excited about the oil price rally too soon, analysts warn

CNBC Oil prices rallied for five consecutive days this week amid investor optimism over the relaxing of coronavirus lockdowns in the U.S. and around the world, but several energy analysts argue it’s too soon to get carried away. The commodity that saw one futures contract go negative for the first time ever last month, over the worst demand destruction in its history,

Exclusive: Warburg Pincus explores sale of overseas energy assets - sources- oil and gas 360

Exclusive: Warburg Pincus explores sale of overseas energy assets – sources

Reuters LONDON/NEW YORK – Warburg Pincus is considering selling five of its eight international oil and gas investments after the coronavirus crisis hit demand, sources familiar with the matter said. The U.S. investment firm, which has more than $54 billion in private equity assets under management, has committed or invested some $13 billion into energy over the last decade, with

World’s largest ethanol producer forced to find a new market — hand sanitizer- oil and gas 360

World’s largest ethanol producer forced to find a new market — hand sanitizer

CNBC Where gasoline goes, ethanol follows, and both have been on a path to unprofitability. Ethanol prices have collapsed as gasoline demand dropped by half due to COVID-19 shutdowns. That because ethanol —a biofuel derived from corn — makes up about 10% of the gas in your tank. So imagine you’re the guy right now who founded the world’s largest